He has a lot of really good deals throughout the year and he gives you a good amount of information about each property and the anticipated ARV's. 

The leasing brokers know more the ins and outs of the lease up process and timeline to complete with anticipated TI's.

I'm about 2 weeks into the loan process and found out the repair costs are going to be larger than anticipated.

Today a larger-than-anticipated number of tenants have service animals, and I've seen the full gambit in CA.

It was a larger project than anticipated.

If you anticipate annual rental income over 50k, then consider S status because with your 140k w-2 as a single individual, your rental income will be subject to the 3.8% NITI tax. 

Jeez even the most optimistic long term funds don't anticipate a 10% growth rate...ever.

As far as the “no cap” loans, that only applies if you don’t have a current VA loan, which if you refinance out of the VA loan into a conventional (something I recently did to save only $60/month but anticipating moving to a more expensive market in the next 2-3 years) you’ll have no VA loan and be able to take advantage of the lifted cap.

Appraised at Purchase Price Scenario:Purchase Price: $94,950Loan Amount (80% of $94,950) = $75,960Original Down Payment (20% of $94,950) = $18,990Monthly Rent: $895Anticipated Cash Flow: $168.05 (after all expenses)Revised Scenario based on Appraisal:Purchase Price: $94,950Revised Loan Amount (80% of Appraised Amount $85,000) = $68,000Revised Down Payment (20% of $85,000) = $17,000 + $7960 (Additional Cash Req.)Anticipated Cash Flow: $210.78 (after all expenses - see attached)**As you can see, there is an increase of cash flow of $42.73 per month.The additional cash needed to bring to the table from what you had originally thought had the property appraised appropriately is laid out here below;Purchase Price - Revised Loan Amount = Cash Required - Original Amount of Cash Req. = Additional Cash Now RequiredEquation: $94,950 - $68,000 = $26,950 - $18,990 = $7,960

Unit b - $1000-1200 anticipated.